Home / Knowledge / News / Textiles / China's cotton purchase and release to conclude on Mar 31
China's cotton purchase and release to conclude on Mar 31
05
Mar '13
The temporary cotton purchase and storage plan 2012-13, as well as the release of state cotton reserves would conclude on March 31, 2013.
 
In addition to the two plans, the Chinese Government had also launched release of old cotton from its reserves, i.e. the cotton purchased by it for reserves in or earlier to 2011, from January 14 this year to meet the growing demand of textile enterprises. The price for cotton grade 3 was set at 19,000 yuan/ton under this plan.
 
In January 2013, China imported 457,000 tons of cotton, registering a year-on-year increase of 131,000 tons, or an increase of 40.1 percent, according to statistics from the General Administration of Customs. 
 
The huge increase in cotton imports was mainly due to the gap of about 5,000 yuan/ton in prices of cotton in domestic market and that procured from international market.
 
In 2012, China’s cotton imports totaled 5.137 million tons, up 52.7 percent year-on-year. The volume of import of cotton, by paying full tariff outside the import quota, also increased by 2.6 times year-on-year to touch 326,000 tons during the year.
 

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search